Genesis League Sports - A shift in strategy and new goals set for GLX
Genesis Leagues Sports platform starts taking shape and the first results are seen with the Genesis League Goals which will be a football (soccer) blockchain game with enrolled MLS players. While the game is being built, the tokenomics are already in motion, and players and invested involved in it, already have started to see the fruition of their involvement. And as anything new, there was some hype built in the beginning, and the GLX (the platform governance token) price went close to the moon. I used this hype to grab some profits by exchanging GLX for HIVE and recouping most of my investment, but now that the price continued to fall, I've decided to make a shift in my strategy going forward.
With the current GLX price hovering around $0.0011075, I considered it the right time to change my strategy and get as many tokens as I can. With a GLX maximum supply of 2 Billion, that would translate to a Market Cap of $2,215,000. Considering that this will become a sports platform pivoting first with football (soccer) I think that in time the demand can only increase considering the vast domain. Thus, envisioning an x10 price point for it is not out of this world for what it can become if they will keep the development and the planning in check.
My goals for Genesis League Sports in terms of the accumulation of GLX governance tokens are as follows.
- 1st milestone: 1,000 GLX
- 2nd milestone: 2,000 GLX
- 3rd milestone: 5,000 GLX
- 4th milestone: 10,000 GLX
- 5th milestone: 20,000 GLX
- 6th milestone: 50,000 GLX
- 7th milestone: 100,000 GLX
You've got that right, my ultimate milestone is to get to 100,000 GLX tokens. Having already 792.333 GLX staked, I am adding 90.104 GLX tokens to that and for the moment I am at 882.437 GLX staked. And it is pretty close to my 1st milestone of reaching 1,000 GLX staked. Will keep you posted once I reached that, but until that happens let me present you the sources of my GLX gains.
- GLX airdrop based on my SPS tokens staked in Splinterlands
- GLX airdrop based on the 127 packs that I've purchased in the Genesis League Goals
- GLX returns from staked GLX tokens
Ultimately I think that Genesis League Sports will be an awesome play2earn blockchain platform and the fact that it is built during the bear market presents an advantage for early investors. We just need to get in the game, keep building and wait for a big score.
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With the price of GLX dropping, you might easily attain the 100k GLX goal. I am just over 200 staked at the moment, will see how it goes.
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Happy staking, once the game will start marketing and getting developments out there, players will really rush into it.
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Excellent post! I share many of your thoughts about the game. I at 780 staked GLX atm. I'm not getting much from the SPS airdrop and staking only a few packs but buying some now and then.
This is proof that if you invest in Hive and its projects, they will truly give back in one form or the other.
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I think you are right, there can be some big things coming for this game. I am quite optimistic at the moment.
I think its good decision new updates always boost the game and his coin price. Hopefully new users come and join this game. I also decided to buy some glx from Market. Incoming bull market all gamified and metaverse projects going up and give some profit to his users and holders.
GLX price is quite low, buying some and staking is a good move.
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I have a really good feeling about GLX and have been staking it for the past month or so.
Nice post.
Merry Christmas
!CTP
!ALIVE
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Thanks and happy stacking and holidays!
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For all the hype and MLSPA licensing, the site still looks like a 1990s Geocities template and the token does nothing.
Dump and buy back later if they ever get their act together...
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It looks simple and unfurnished, but I think that will switch on with the next phases. This is just a simple template to allow kicking in the tokenomics, I am sure the game will look out of this world.
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How is the pack stacking performing for you or is it too hard to tell?
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Packs stacking is doing pretty well, double from the airdrop that I've got for holding SPS. I think there aren't many pack buyers yet as the marketing didn't start yet (I heard that they are interviewing MLS players to be part of the marketing strategy).
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Nice goals. I am just wondering about the use case for GLX because it isn't really out yet. I don't have any staked yet but I don't think I will just yet due to the uncertainty.
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I think this is the advantage as the tokenomics kick in, while the game is under development. Thus few investors, more rewards.
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